CMC Markets has launched its Spectre trading account for retail clients, extending a product that was first available to professional traders. The decision follows strong retail demand and gives the company a new way to serve clients who want market exposure without using leverage.
Spectre is a zero-leverage spread betting account. Clients trade using their own capital, rather than borrowed funds, which removes margin calls on long positions and avoids overnight financing charges.
The account provides access to a range of markets, including shares, indices, ETFs, cryptocurrencies, commodities and foreign exchange. It also keeps the tax features associated with spread betting, including exemption from capital gains tax and stamp duty, subject to the relevant rules.
CMC is widening its retail product set at a time when traders are paying closer attention to leverage, funding costs and platform choice. Spectre gives the group another route to attract clients who may not want traditional leveraged spread betting, but still want access to broad market coverage through one account.
CMC Markets plc (LON:CMCX) is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference and foreign exchange across world markets.
